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How to close a business? BIR procedures? Advice please.

mbe · 11 · 14725

mbe

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Is there a way to retire a business in BIR without closing it first in cityhall?

I have a sole proprietor business that runs for almost 2 years years. I have closed it last year. I haven't done the necessary closing procedures since I had to leave for US for 6 months.

Now I'm back and ask my accountant to help me with it.

Now she's telling me I need to pay 12,000+ for cityhall and 15,000+ for BIR including penalties. It is just too much. Nagclose ka na nga ng business, ang laki pa din ng babayaran.

I just want to clear the BIR since I'm using my personal TIN. So is there a way to work around it so I can retire my business in BIR without having to pay 12k for cityhall?

Or is there any other solution at all? Please please please I need some advice.

Thank you.


puberer

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hirap talaga mag negosyo noh... lugi ka na nga at nagsara, may babayaran ka pa na malaki.  pag hindi mo pa nabayaran, may penalty pa.  sarap ng buhay ng mga politoko niyan.  

kami naman may computer shop dati, di kami nag file na closure, more than 10 yrs na ngayon, so far walang problema hehe.  accountant namin dumiskarte eh.



asiantribe

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Check your previously filed BIR returns, tignan mo kung what month natigil ang pag pa file. From there you will have an idea, how many  returns ang di na i file. Check from your BIR Certificate of Registration, nandun kasi nakalagay(with Check) kung ano mga taxes ka liable, like VATor  Non VAT, Annual Registration, Withholding Tax, Expanded Withholding Tax, Income Tax among others. I would suggest na ayusin mo habang mas maaga para di na madagdagan pa ang penalties habang dumadaan ang mga araw. Remember every month me mga required returns na dapat i file, and every non filed returns spell additional penalties. Bale normally late filing charges lang ang ibabayad mo kung walang sales on income, it varies according to Revenue District na nasasakupan, pero the usual is 200 per return. You may also check the BIR website for more information.

http://www.bir.gov.ph/


mbe

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@puberer

Anong ginagwa ng accountant nyo? and sole proprietor business din ba un? Naggamit nyo pa ba ung same TIN number ngyon? Thanks!

@asiantribe

Thanks for the input. Though I think yung mga sinabi mo un na ung computations na binigay ng accountant.. so 15k sa BIR.. plus 12K sa cityhall. Which is too much for me. I'm just wondering if there's a way na hindi na bayaran ung sa cityhall, since I don't care about it. Kelangan ko lng ma clear is ung sa BIR since personal TIN ko ung gamit ko. So I can use it again someday.


queenwini

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@puberer

Anong ginagwa ng accountant nyo? and sole proprietor business din ba un? Naggamit nyo pa ba ung same TIN number ngyon? Thanks!

@asiantribe

Thanks for the input. Though I think yung mga sinabi mo un na ung computations na binigay ng accountant.. so 15k sa BIR.. plus 12K sa cityhall. Which is too much for me. I'm just wondering if there's a way na hindi na bayaran ung sa cityhall, since I don't care about it. Kelangan ko lng ma clear is ung sa BIR since personal TIN ko ung gamit ko. So I can use it again someday.


ganyan din ang problem ko....i wasn't able to close our business (nun 2007 pa close to).  With regards to what asiantribe posted, nakupo! hirap nyan....nagpunta rin kasi ako BIR at ang mga yun ba naman eh pinafifile sa akin ang return ko from 2007 to 2010...hello, willing ka nga magbayad eh kaso halos 3-rim ang application forms na ififfill out ko, hindi pa kasama jan yung mga other requirements like COR, inventory list, etc., etc., kahit sila aminado sila mahabang processo....

kaya for those who are planning to put up a business, wag na kayo mag register sa BIR kung hindi kelangan..at mas mahirap mag close...

para sa akin sa willing naman na magclose ng maayos, ayusin nila systema nila, penalize ka na nga kasi hindi ka nakapagfile, so what is the point of filing sa penalized sa yo??? db?


mbe

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@queenwini

pasensha na hindi ako makagreply sa PM mo.. di daw pwede mag send ng message pag wala pang 3 valit post :) newbie lng ako dito.

Anyway, salamat sa input. Alam ko hindi lng ako ung nasa situation nato.. hirap lng kasi personal TIN ang gamit. eh malamang lamang kelaganin ko un sa susunod. Bahala na nga...kung alam ko lng na ganyan, di nako nag register sa BIR nun. Laking hirap mag close, ang dali mag open.

Salamat ulit.


emie

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I wholly agree with asiantribe. Ayusin mo hanggang maaga. Pero make sure na maayos mo siya (kahit mag under-the-table ka pa). Kasi later on, pag nagbukas ka ulit ng bagong business, gamit mo pa rin ang TIN mo at ma di - dig up ng BIR na may mga pending cases at habulin ka nila for the penalties and interest.

Sa City Hall, ganyan talaga yan, pag pina-close mo sa City Hall as if nag renew ka ng license mo dun, kung ano ang fees mo for renewal, icha-charge pa rin nila sa iyo. Ganyan nangyari sa client ko nung mag-close sya, parang nagbayad pa rin sya ng renewal fee. Suggest ko i-close mo nang maayos (parang walang hassle later on) pero pa-tawaran mo siya hanggang kaya.

Anyways, back to the BIR, taka lang ako pano ka umabot ng P15k. Kasi kung 6 months ka no operation, P200 per non filing lang yan per return. Hindi dapat ganyan ka-taas yan. Ask your accountant to go over it again and to explore other possibilities. Baka kulang lang sa tawad yan.

Whatever you decide, good luck. If you need help, PM ka lang. By the way, accountant ako. Isa sa mga nagha-handle ng libro ng mga businessmen dito sa lugar ko. :)
« Last Edit: Aug 25, 2010, 06:56 PM by emie »


queenwini

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@queenwini

pasensha na hindi ako makagreply sa PM mo.. di daw pwede mag send ng message pag wala pang 3 valit post :) newbie lng ako dito.

Anyway, salamat sa input. Alam ko hindi lng ako ung nasa situation nato.. hirap lng kasi personal TIN ang gamit. eh malamang lamang kelaganin ko un sa susunod. Bahala na nga...kung alam ko lng na ganyan, di nako nag register sa BIR nun. Laking hirap mag close, ang dali mag open.

Salamat ulit.


your welcome..pero just in case you found a way, let's work it out together hah....

yung hindi under the table way....

thanks din.


help_pls

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hello po may mga online pa po ba, ask ko lang po pano po kung hindi na close a business nag open for 2plus years lang way 2002 pa po and hiniram lang po ng kamaganak ang TIN nyo, pero he's dead now, kaso nga di na close , wala hong documents sa posession pano po ang gagawin eh di naman po ako ang nagbusiness pero naka-reflect sa aking TIN


uloadvendo

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Naku, sabi ko na nga ba! Dito na papasok ang PBR na yan (I posted it here)

http://www.pinoymoneytalk.com/forum/index.php?topic=42364.msg433216#msg433216

Interlinked na ang mga agencies.  :rant:

Buti naman sana if this system would minimize the corruption.


freeman12

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nako ako naman kumuha ng TIN nung 2004 after graduation  (yung sa online lang) for employment/identification purposes not knowing na kahit wala kang income, you have to file the annual ITR.

but the thing is, when i put up my own business nung 2007, the COR was dated 2004!!!

nung nagtanung ako kung bakit ganun, sabi nila ganun daw talaga. e hello! wala nga akong trabaho nung 2004, tapos duon nila ibabase yung sa COR?!

Can you imagine, 3 years of monthly, quarterly, annual taxes, PLUS penalties?!  

Grabe, nauna pang maningil ang BIR ng 3 years bago sa actual business. Wala akong magawa! (kaya nag unda-tha-mesa na lang ako to do someting about the "open cases".) and i'm NOT proud about it.
« Last Edit: Oct 25, 2012, 02:34 PM by freeman12 »


 


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